Connaught, a small London firm set up in 2014, wasn't named
in Snap's first IPO filing
in early February. But it did appear in Snap's updated
filing just a few days ago. It is listed as having sold
307,692 shares, worth around $5.2 million at the IPO price of
$17.

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There's not a lot of information out there about Connaught.
It has a basic website with a mailing address and email
address. It was incorporated December 29, 2014, and has three
directors: Ian Osborne, Alex Usher-Smith, and Dr.
Marcel Silvester Reichart.

The third director at the firm is Dr. Marcel Reichart, the
executive vice president of digital development and partnerships
as German media company Bertelsmann, according to his
LinkedIn profile.

The role on the Snap IPO is a huge coup for the firm, which
has less than 10 staff, according to its LinkedIn profile.
Connaught is not a US registered broker-dealer, and so any shares
it sold in the US had to pass through Global Alliance Securities.

Osborne and Usher-Smith did not return messages seeking
comment in time for publication.